A piece of paper your school gives you, thinking you are going to have your parents sign it. Normally contains the letter "F" or "E" followed by comments from your teachers on how bad of a student you are.

Just got my report card, looked at it, all Fs, took to the teacher like: Throw some Ds on the bitch!

Tim: "Hey John, can I see your report card?"
John: "Hey Tim, before I answer that question, do you know a place where I can get any cheap neurotoxins?"
Tim: ".....Failed all your courses?"
John: "Yup."